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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1706.7610 | Separate asset series-responsibility to wind up activities after dissolution.


(A) Subject to division (C) of section 1706.769 of the Revised Code, after dissolution of a series, the remaining members associated with the series, if any, and if none, a person appointed by all holders of the membership interest last assigned by the last person to have been a member associated with the series, may wind up the series' activities.

(B) The appropriate tribunal may order supervision of the winding up of a dissolved series, including the appointment of a person to wind up the series' activities for any of the following reasons:

(1) On application of a member associated with the series, if the applicant establishes good cause;

(2) On application of an assignee associated with a series, if both of the following apply:

(a) There are no members associated with the series.

(b) Within a reasonable time following the dissolution a person has not been appointed pursuant to division (A) of this section.

(3) In connection with a proceeding under division (E) of section 1706.768 of the Revised Code.

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